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2023
Economic Complexity
Trade 0.42Rank 45 of 132
2021
Economic Complexity
Technology -0.88Rank 72 of 96
2022
Economic Complexity
Research 0.75Rank 31 of 140
2023
Product
Exports | Imports $4.94B | $19.5B130 of 226 |  85 of 226
2023
Per Capita Product
Exports | Imports $856 | $3.38k128 of 220 |  108 of 220

About

Overview In 2023 Lebanon was the number 130 economy in the world in terms of total exports and the number 85 in total imports.

Exports The top exports of Lebanon are Jewellery ($515M), Cars ($442M), Diamonds ($304M), Scrap Iron ($268M), and Gold ($205M), exporting mostly to United Arab Emirates ($1.3B), Egypt ($340M), Turkey ($253M), Iraq ($236M), and United States ($194M).

Imports The top imports of Lebanon are Refined Petroleum ($4.62B), Gold ($2.67B), Cars ($815M), Packaged Medicaments ($509M), and Bovine ($346M), importing mostly from Switzerland ($2.35B), China ($2.1B), Greece ($1.78B), Turkey ($1.51B), and Italy ($1.08B).

Location Lebanon borders Israel by land and Cyprus by sea.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Lebanon.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Jewellery$515M
Top Destination (2023)United Arab Emirates$1.3B

In 2023, Lebanon exported a total of $4.94B, making it the number 130 exporter in the world. During the last five reported years the exports of Lebanon have changed by $766M from $4.17B in 2018 to $4.94B in 2023.

The most recent exports are led by Jewellery ($515M), Cars ($442M), Diamonds ($304M), Scrap Iron ($268M), and Gold ($205M). The most common destination for the exports of Lebanon are United Arab Emirates ($1.3B), Egypt ($340M), Turkey ($253M), Iraq ($236M), and United States ($194M).

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Exports (2023)
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Destinations (2023)
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Market Growth

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Growth
Fastest Growing Export Markets (2022 - 2023)
United Arab Emirates$415M (+ 46.6%)
Turkey$92.2M (+ 57.3%)
Iraq$74.4M (+ 45.9%)
Fastest Growing Import Markets (2022 - 2023)
Switzerland$1.67B (+ 248%)
Russia$240M (+ 69.1%)
Saudi Arabia$128M (+ 40.9%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Lebanon Exports Services (2020)$4.9B
Lebanon Imports Services (2020)$4.84B

In 2020, Lebanon exported $4.9B worth of services. The top services exported by Lebanon in 2020 were Personal travel ($2.32B), Miscellaneous business, professional, and technical services ($978M), Merchanting and other trade-related services ($575M), Reinsurance ($215M), and Telecommunications services ($134M).

The top services imported by Lebanon in 2020 were Personal travel ($1.61B), Miscellaneous business, professional, and technical services ($804M), Sea transport ($631M), Financial services ($373M), and Reinsurance ($328M).

Service Exports (2020)

Service Imports (2020)

Economic Complexity

Overview

Economic Complexity (Trade)0.42Rank 45 of 132
Economic Complexity (Technology)-0.88Rank 72 of 96
Economic Complexity (Research)0.75Rank 31 of 140

Most Specialized Products by RCA Index

Lebanon has a high level of specialization in Calcium Phosphates (84.4), Aluminium Powder (46.1), Phosphatic Fertilizers (43.6), Raw Lead (38), and Phosphoric Acid (31.9). Specialization is measured using RCA, an index that takes the ratio between Lebanon observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Lebanon according to the relatedness index, were Beer (0.29), Cement (0.28), Hard Liquor (0.28), Non-fillet Fresh Fish (0.28), and Melons (0.28). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Lebanon is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Lebanon. These are products that tend to be co-exported with the products that Lebanon exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

Economic Complexity Ranking

Methodology
Scale
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During the last 20 years Lebanon's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨40th to the 45th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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ECI (Trade) Ranking by Country

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